Staples' Q2 earns rise, exceed expectations

Staples
spls
reported fiscal second quarter earnings that rose over year-earlier levels and exceeded expectations. Net income for the quarter ending July was $60 million, or 13 cents a share, up from last year's 9 cents a share, and above the average analyst forecast compiled by Thomson Financial/First Call of 12 cents. Revenue for the period rose 5 percent to $2.43 billion, while overall comparable-store sales were flat. Looking ahead, the office supplies retailer is anticipating earnings of 22 to 24 cents a share for the fiscal third quarter and 80 to 84 cents for the year, versus analyst expectations of 24 cents and 83 cents, respectively. The stock closed Monday up 36 cents at $16.90.

Company

Dow Jones Network

Intraday Data provided by FACTSET and subject to terms of use.
Historical and current end-of-day data provided by FACTSET.
All quotes are in local exchange time.
Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only.
Intraday data delayed at least 15 minutes or per exchange requirements.